Chinese scholar: Help Country Garden to keep the bottom line of financial risks and pe

(Beijing Comprehensive News) As China's largest real estate company Country Garden is deeply trapped in the financial crisis, Ren Zeping, a well -known Chinese economist, calls for helping Country Garden to keep the financial risks and the bottom line of people's livelihood.It has caused impact on market confidence, economic recovery, and more than 60 industries upstream and downstream.

Ren Zeping posted on Weibo on Friday (August 11), saying that it should help high -quality private housing companies such as Country Garden and Longhu, not only because they cannot fall, but they have the need to keep the bottom line of financial risks and the bottom line of people's livelihood.

He said, "If the largest housing company falls, it will impact market confidence, economic recovery, financial risks, residents' expectations, and more than 60 industries upstream and downstream.Fortress may also be difficult to protect themselves, and it is unbearable. "He emphasized that according to international experience, real estate is the mother of cycles, and nine real estate in the crisis of ten times.

The financial crisis of Country Garden has surfaced in the past week.The company acknowledged that it was difficult to liquidity, failed to pay the interest of two bonds, and due to sales such as sales, it is expected to occur up to a loss of up to 55 billion yuan (RMB, the same below, about S $ 10.3 billion) in the first half of the year.

Market analysis believes that China ’s financing restrictions since 2021 make real estate companies undergo pressure, while this year’ s economic growth is weak, demand for weak demand, and small real estate sales have further overwhelmed real estate companies.According to Kerry data, in July, the sales of the Top 100 real estate companies in China decreased by 33%year -on -year, and the sales sales of Country Garden in July decreased by 60%year -on -year.

Ren Zeping appealed that private real estate companies must not only rely on self -rescue and existing policies, but also to restore market confidence.In response to the resumption of real estate sales, he put forward some suggestions, such as reducing the down payment comparison of the first house and reducing housing loan interest rates.He said that if the measures can be implemented quickly and effectively, catch up with the upcoming "Golden Nine Silver Ten", that is, the peak period of real estate sales, the market will recover, and China's real estate is soft to the market.

However, Reuters pointed out that Country Garden's trouble may further crack down on buyers' confidence and worsen the real estate industry.

Full demand loan increases to a new low of 14 years

The latest loan data also confirms that China's demand is weak.According to data on Friday (August 11), the People's Bank of China announced that in July, China's loans increased by 345.9 billion yuan, an increase of 349.8 billion yuan year -on -year, a year -on -month decrease of 89%, the lowest level since the end of 2009.

Among them, household loans are mainly mortgage loans, which has reduced 200.7 billion yuan, far lower than the increase in June by 963.9 billion yuan. It shows that due to deepening the debt crisis of the real estate industry, the demand for house purchase has continued to decrease.